Apartment buildings, gated communities and complementary works in Panama, Costa Rica, Guatemala and Honduras are some of the construction projects planned for the coming months in the region.
The interactive platform "Construction in Central America", by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects for which environmental impact studies (EIA) were submitted in September 2017 to the respective institutions of each country.
The law reform approved by the National Assembly raises from $32 thousand to $40 thousand the cap to receive a subsidy for social interest housing and up to $50 thousand for housing in condominiums and apartments.
With the reforms, the ceiling for receiving the subsidy for social interest housing is increased from $32 thousand to $40 thousand for a single family dwelling and up to $50 thousand for multifamily housing, the latter is a new feature of this initiative, specifically for condominiums and apartments.
Apartment buildings, condominiums and complementary works in Panama, Costa Rica, Guatemala and Honduras are some of the construction projects planned for the coming months in the region.
The interactive platform"Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects for which environmental impact studies (EIA) were submitted to the respective institutions of each country in June 2017.
Three bills are being prepared to encourage construction of marinas and condominiums for tourism, and the promotion of sport fishing.
The initiative to reform the Law on Investments in Condominiums is being prepared by the union of construction, tourism and urbanization, and aims to "open the regime of condominiums up to tourism investment"in order to continue forming the basis of infrastructure necessary for the region to consolidate itself as tourism destination.
A logistics distribution center, a building for government offices, a school, a hotel expansion, and electrical infrastructure are some of the projects which submitted environmental impact studies in March in Costa Rica.
The report "Construction Projects in Costa Rica - March 2015", prepared by the Business Intelligence Unit at CentralAmericaData.com, provides a list of major construction projects which in March submitted environmental impact studies (EIS) to the National Environmental Technical Secretariat (SETENA).
The Chamber of Builders has recorded eight projects for luxury housing in the country with retail prices ranging from $100 thousand to $450 thousand.
The Chamber of Builders of Nicaragua (Cadur), argues that housing designed for more affluent people have had good sales. Currently there are eight projects of this type recorded in Managua and there are an estimated eight more that are not part of Cadur, with prices ranging from $100 thousand to $450 thousand.
The tourism developer Gran Pacifica is planning to complete the Gran Pacifica villa with 300 homes, hotels and condominiums, golf courses and parks, according to the master plan for investment.
Laprensa.com.ni reports that "Leveraging the signs of recovery shown in some of the world’s economies, which seem to have withstood the roughest stage of the global crisis, the tourism developer Gran Pacifica is expanding its growth targets toward agribusiness, energy generation and mining, without abandoning its goal of consolidating residential tourism. "
In light of a better investment climate, construction has resumed of the luxury oceanfront condominium project, after becoming stalled two years ago.
Milagro del Mar was designed to create an exclusive community within the Gran Pacífica, with 122 condominiums, 20 villas, swimming pools with waterfalls and a pool by the ocean, a gym, a restaurant and a convenience store.
Guatemala's Grupo Spectrum has announced an investment of over $20 million in various real estate projects in Nicaragua.
In the Nicaraguan capital, in Las Colinas, the company announced the construction of "Cumbres del Portal" and the urbanization "Alamedas de Las Colinas".
Another project is the condo's Talanguera in San Juan del Sur, Rivas.
"Spectrum Group, of Guatemalan capital, said it will invest more than $20 million in the housing projects Cumbres del Portal, in Las Colinas, Managua, and condominiums Talanguera in San Juan del Sur, Rivas. It also reported that develop the residential community Alamedas de Las Colinas in the capital", reports Elnuevodiario.com.ni.
Market data are usually the basis for decision-making in order to develop, build, buy or sell real estate.
In Central America, there is no unified database to view the regional real estate market as a whole to compare and make decisions on investment. This report collected data from Costa Rica, Belize, Nicaragua and Panama, and it includes national economic indicators to help situate the investment climate in each country.